Ankita Somani, IT analyst, Angel Broking says the IT major's EBIT margins, however, came as a pleasant surprise.
Ankita Somani, IT analyst, Angel Broking shares her views on Wipro 's Q4 results .
Below is the transcript of Ankita Somani's interview with CNBC-TV18's Reema Tendulkar.
Reema: It appears that dollar revenue has come in at USD 1720 million but EBIT has come in at Rs 2605 crore. How would you react to these numbers?
A: Numbers look quite promising. On the dollar revenue front it is more or less inline with our expectations. However, what actually stood out was EBIT margin number. This number is almost 250 basis points jump than what we were estimating it to be. So, this number looks quite positive. However, we will watchout for the guidance that the company gives out for the next quarter.
Reema: Guidance has come in at USD 1.72 billion to USD 1.79 billion. So, what would that mean for you?
A: I think the guidance is a little lower than what we were estimating it to be. We were estimating the guidance to be, at least the higher end, and to move around USD 1.8 billion but it has come down at USD 1.79 billion. So, their upper-end of the guidance is marginally lower than what we were estimating it to be.
Reema: It appears if it is USD 1.72 billion to USD 1.79 billion. It appears the guidance is in a range of about flat to 4 percent?
A: Yes. That is quite a wide range for quarterly revenue guidance when a company at least for a quarter has good amount of visibility. The lower end is very disappointing.
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